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KOREA REPORT - FEBRUARY, 2020.
SKorea is entering a perfect storm over rapid spread of COVID-19 [p.2]
As of 29th, number of countries restricting entry from SKorea rose to 71 [p.3]
Government is considering supplementary budget of $8.2 bil to contain COVID-19 [p.4]
Bong Joon-ho made history with ¡°Parasite,¡± winning four awards at the Oscars [p.6]
Son Heung-min surpassed half-century mark in career Premier League goals with 51 [p.6]
The US has not given up on denuclearization talks with NK, IAEA said on 5th [p.7]
Shuttered inter-Korean industrial complex in NK's city of Kaesong must reopen [p.7]
SKorea posted a budget surplus for fifth year in a row in 2019 fiscal year [p.8]
UK left the EU as of Jan 31st but its trade with SKorea will see no major changes [p.8]
Two dozen large trade fairs and industry conferences in Asia have been postponed [p.9]
SKorea's trade surplus came to $4.1 bil in Feb, marking 97 straight months of surplus [p.9]
SKorea¡¯s national debt was estimated at KW734.4 tril ($619.4 bil) as of 5th [p.10]
Major companies are letting employees work from home due to COVID-19 outbreak [p.12]
Samsung set record in 2019 by commanding 20.5% of home appliances market in the US [p.12]
SK Energy has completed construction of a new desulfurization facility [p.13]
LG Chem will start supplying cylindrical batteries this year for Lucid Air [p.14]
Posco International discovered a new offshore gas reservoir near Myanmar [p.14]
Major carmakers decided to temporarily suspend operations at their plants here [p.16]
Bank of Korea left base rate frozen at current 1.25% on 27th [p.18]
The EU set deadline to July 9th for approval of HHI Group's takeover of DSME [p.18]
HHI and SHI have secured LOIs to build up to eight 170K cbm LNG carriers [p.20]
HHI signed MOU with SK shipping in the autonomous navigation field [p.21]
Polaris Shipping entered the VLCC shipping market through 'Madison Orca' [p.23]
Tongyeong signed MOU with 16 local companies to build a small LNG hub [p.23]
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